New Tax Code: Increased Corporate Tax for Banks, Gambling; VAT on Bank Commissions

The new Tax Code, effective January 1, 2026, introduces differentiated corporate income tax rates. The base rate remains at 20%, but banks and gambling sectors will have a 25% rate, financial leasing and social sectors a 10% rate, and agricultural producers a 3% rate. Bank commissions will be subject to VAT, but the transfers themselves will not be taxed.

Source: uchet.kz

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

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